Abu Dhabi, 13 December 2009 - Abu Dhabi Islamic Bank (ADIB), one of the region's leading Islamic banks, announced today that it has arranged over AED200 million Islamic finance facility for International Capital Trading (ICT) to finance one of its real estate projects.

The agreement was signed at ICT head office in Abu Dhabi by Hamad ِAbdulla Al Shamsi, Chief Executive Officer of ICT and Nuhad Saliba, General Manager Wholesale & International at ADIB and in the presence of senior executives from both parties. Nuhad Saliba, General Manager Wholesale & International at ADIB commented on the agreement: "Our cooperation with ICT is in line with our vision to support development projects in the UAE.

ICT is a leader in the Abu Dhabi property sector and is well known for real estate investment and development projects in the UAE. We are pleased to support their financing needs, as well as other private sector companies." "ADIB has shown remarkable growth in financing such big-ticket investments and has played a central role in project finance in the UAE.

We remain liquid and well capitalized, and our capacity for project finance is excellent. We will continue to play a leading role in bringing back business confidence and in supporting economic growth," Nuhad added. Hamad Abdulla Al-Shamsi commented: "We welcome the efforts of ADIB to provide innovative and customized financing structures to meet our requirements. We are committed to playing an integral part in the social and economic development of Abu Dhabi.

I would like to congratulate the ADIB team in making this deal a reality." ICT is a private investment company based in Abu Dhabi. Its business activities include owning, developing and managing real estate as well as investing in a wide range of asset classes, ranging from equities to direct investments and real estate. For additional information please visit www.ict.ae

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Note to Editors:
Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, on 18th April 1999. The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari'a principles. ADIB commenced its operations with a paid-up capital of AED 1 Billion, where the founding shareholders include Members of the Ruling Family, The Abu Dhabi Investment Authority and Prominent UAE.

ADIB prides itself on its values which reflect the Bank's commitment to the Islamic Shari'a, and are thus the guidelines of the Bank's practices to adhere to the principles of Islam. ADIB's value structure consists of Transparency, Quality, Innovation, Professionalism, Social Responsibility and Empowering Its Staff. www.adib.ae

For media information, please contact:
Grace Ghunaim ElHussein                                            
VP- Head of Corporate Communications                       
Abu Dhabi Islamic Bank                                              
Tel: +971 2 6100860                                                   
Mobile: +971 50 616 4191                                           
Email: g.ghunaim@adib.ae                                          

Senior Account Executive
Weber Shandwick - MENA
Mobile: +971 50 288 9 601
Email: mohammad.alqassem@ws-mena.com

© Press Release 2009